G/L Item - Revision history

Wikiadmin at 08:52, 26 October 2018

2018-10-26T08:52:42Z

Wikiadmin: /* Introduction */

2018-10-26T08:52:15Z

‎Introduction

Wikiadmin: Created page with "{{BackTo|Financial Management}} === '''Introduction''' === A G/L item is an account item to be used for direct account posting. Direct account posting refers to: * entering..."

2018-10-26T08:50:46Z

Created page with "{{BackTo|Financial Management}} === '''Introduction''' === A G/L item is an account item to be used for direct account posting. Direct account posting refers to: * entering..."

New page

{{BackTo|Financial Management}}

=== '''Introduction''' ===

A G/L item is an account item to be used for direct account posting.

Direct account posting refers to:
* entering and posting accounting entries in a G/L Journal by using the corresponding GL items and therefore their debit/credit accounts defined.
* creating and posting financial invoices such as Purchase Financial invoices, same applies to sales.
* or creating and posting G/L item payments in a GL Journal.

=== '''G/L Item''' ===
G/L Item window allows to create as many account items as required for an organization and general ledger.

[[File:WS800033.png]]

As shown in the image above a G/L item or accounting item can be created by entering below listed basic information:
* the Organization, as always if a G/L item is created at (*) organization level will be shared accross all the organization of the client.
* the Name of the item
* the flag "Enable in Financial Invoices" define if the item can be used as an account while creating and posting financial sales and purchase invoices, if that is the case:
** a Tax Category will have to be selected to get that purchase or sales taxes are properly calculated.

=== '''Accounting''' ===
Account items are directly related to the debit and credit accounts to be used while posting them.

[[File:WS800034.png]]

As shown in the image above, the accounting tab allows to enter debit and credit accounts for the G/L item. It is possible to enter a debit and a credit account for each organization's general ledger configuration.

Full list of '''G/L Item''' window fields and their descriptions is available in the [[Screenshot:G/L Item| '''G/L Item Screen Reference''']].

{{BackTo|Financial Management}}

[[Category:User Guide]]

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 * or creating and posting G/L item payments in a GL Journal.
-=== '''G/L Item''' ===
+== '''G/L Item''' ==
 G/L Item window allows to create as many account items as required for an organization and general ledger.
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-=== '''Accounting''' ===
+== '''Accounting''' ==
 Account items are directly related to the debit and credit accounts to be used while posting them.

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 {{BackTo|Financial Management}}
-=== '''Introduction''' ===
+== '''Introduction''' ==
 A G/L item is an account item to be used for direct account posting.
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 * creating and posting financial invoices such as Purchase Financial invoices, same applies to sales.
 * or creating and posting G/L item payments in a GL Journal.
 === '''G/L Item''' ===